Hi all,
I'm in a little bit of a pickle at the moment. I have fixed loans up for review early next year. One is 7.35% due in March, the other is 9.45% due in June. I asked the bank for break costs about 6 months ago when the madness was going on and for both was quoted about $25,000 which I was prepared to let slide at that stage.
It is looking like rates are heading north again and I'm getting itchy feet - should I break now and move them both plus pay costs which would be much lower now. Or should I take the punt that I would probably be able to refinance at lower rates anyway when they roll over ?
I'm just looking forward to some extra CF in 2010 and want to maximise it !
I'm in a little bit of a pickle at the moment. I have fixed loans up for review early next year. One is 7.35% due in March, the other is 9.45% due in June. I asked the bank for break costs about 6 months ago when the madness was going on and for both was quoted about $25,000 which I was prepared to let slide at that stage.
It is looking like rates are heading north again and I'm getting itchy feet - should I break now and move them both plus pay costs which would be much lower now. Or should I take the punt that I would probably be able to refinance at lower rates anyway when they roll over ?
I'm just looking forward to some extra CF in 2010 and want to maximise it !